Trouble is, I think it is correct that both cuts and tax rises are needed. It depends i f you believe there is still any mileage in spending to boost the economy. If you do, then cuts are pointless and counter productive.At this point I'm very fed up with being rail roaded by the fringes of the political right. The republicans are running the table. The White House has retreated or caved at every major showdown.
On the other hand, if you believe matters are already so grave that successful stimulus cannot be afforded, then it is time to give up on that and try something else. The only remaining alternative is printing money and encouraging inflation. This has the double benefit of paying off your debt as you print, and reducing the true value of your debt as the remaining number becomes worth less. Repatriates the debt to every holder of dollars. China is already unhappy that its massive dollar holdings are under threat of losing value. Naturally, this will undermine the worlds desire to invest in dollars, if that matters.
If you dont think you could ever pay it back, or dont fancy inflation, then its time to cut spending. Maybe the democrats are already at that point in the game. Hence little resistance. Just at this moment on the news here everyone seems to be thinking the federal reserve is about to start printing.